central banks

Filed under: , ,

Federal ReserveDeveloped countries are scrambling to put in place more rounds of stimulus to prop up their faltering economies.

The U.S. Federal Reserve has already pledged or spent an unbelievable $12.2 trillion to bail out a handful of bankers. The Fed slashed interest rates to zero and it is now purchasing more treasuries with proceeds from existing purchases. Finally, at its recent meeting the Fed stated that it stands ready to inject more stimulus in the economy.

Continue reading $12.2 Trillion Was Not Enough Stimulus

$12.2 Trillion Was Not Enough Stimulus originally appeared on BloggingStocks on Thu, 23 Sep 2010 10:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Add to digg
Add to del.icio.us
Add to Google
Add to StumbleUpon
Add to Facebook
Add to Reddit
Add to Technorati




Federal Reserve SystemUS Federal ReserveBloggingStocksCentral bankEconomy

Filed under: , ,

gold pricesIn a footnote in a 216-page report released last week, the Bank for International Settlements (BIS) disclosed that since December, it has taken in 349 metric tons of gold from central banks, which swapped it for $14 billion in cash.

Why is this important? First off, the BIS is the central bankers’ bank. We can gather from this that central banks needed cash to pay their bills. So they pawned their gold.

Continue reading Central Banks Swap Tons of Gold for Cash

Central Banks Swap Tons of Gold for Cash originally appeared on BloggingStocks on Sun, 11 Jul 2010 14:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Add to digg
Add to del.icio.us
Add to Google
Add to StumbleUpon
Add to Facebook
Add to Reddit
Add to Technorati




Central bankBank for International SettlementsGoldBloggingStocksBank

Filed under: , , , ,

In an ever changing world, central bankers are reevaluating which currencies to add to their sovereign reserves. Central bankers, by the very nature of their positions, must take every precaution when investing their country’s sovereign reserves.

Looking around we see Europe in a mess. Greece is being bailed out by its other eurozone partners. As a consequence, its borrowing costs have doubled to 9.4%. Yields on Portuguese debt stands at 6.3%, the highest since the euro started in 1999. Last month the EU announced a 750 billion euro rescue mechanism to stabilize the market. The euro hit a four year low of $1.1877 on June 7. As a sitting central banker, would you go there? Probably not.

Continue reading Central Bankers Love The Aussie Dollar and Canadian Loonie

Central Bankers Love The Aussie Dollar and Canadian Loonie originally appeared on BloggingStocks on Tue, 22 Jun 2010 16:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments

Add to digg
Add to del.icio.us
Add to Google
Add to StumbleUpon
Add to Facebook
Add to Reddit
Add to Technorati




European UnionGreeceBloggingStocksEurozoneUnited States